DEERFIELD BEACH, Fla., Aug. 12, 2013 (GLOBE NEWSWIRE) -- Capstone Companies, Inc. (OTCQB:CAPC), a leader in the design and manufacture of specialty power failure lighting solutions and innovator of consumer safety and security products for the Hospitality, Retail and Institutional channels, announced that it has successfully developed the 2-in-1 10 LED Wall Plate, the latest addition to its power failure lighting solutions product suite. The 2-in-1 10 LED Wall Plate has gained distribution following its recent debut at the National Hardware Show in May 2013, and has now been selected by major retailers for availability in their stores across the country.
The 2-in-1 10 LED Wall Plate will be available for purchase throughout the country starting in October 2013 at a national warehouse club chain. Additionally, a major mass merchandiser chain, a major home center chain and a major hardware store chain have made the decision to begin carrying the Wall Plate in 2013.
Reid Goldstein, President of Capstone Industries noted, "The acceptance process for our newest power failure solution, the 2-in-1 10 LED Wall Plate, was completed by these customers in approximately four months, an unprecedented timeframe for Capstone. This expedited turnaround is an indication of our customer's confidence in the marketability of this innovative design."
The 2-in-1 10 LED Wall Plate provides dual functionality as a nightlight as well as a power failure solution in the form of a wall plate cover. This new innovative design enables the added safety of emergency power failure lighting solutions with a sleek and cleaner look.
Additional information about Capstone's products can be found on: www.capstoneindustries.com.
About Capstone Companies, Inc.
Capstone Companies, Inc. is a public holding company that engages, through its wholly-owned subsidiaries, Capstone Industries, Inc. and Capstone International HK, Ltd., in the development, manufacturing, logistics, and distribution of consumer and institutional products to accounts throughout North America and in international markets. See www.capstonecompaniesinc.com for more information about the Company and www.capstoneindustries.com for information on our current product offerings.
FORWARD-LOOKING STATEMENTS:
This news release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995, as amended. Such statements consist of words like "anticipate," "expect," "project," "continue" and similar words. These statements are based on the Company's and its subsidiaries' current expectations and involve risks and uncertainties, which may cause results to differ materially from those set forth in the forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements, include consumer acceptance of the Company's products, its ability to deliver new products, the success of its strategy to broaden market channels and the relationships it has with retailers and distributors. Prior success in operations does not necessarily mean success in future operations. The ability of the Company to adequately and affordably fund operations and any growth will be critical to achieving and sustaining any expansion of markets and revenue. The introduction of new products or the expanded availability of products does not mean that the Company will enjoy better financial or business performance. The risks associated with any investment in Capstone Companies, Inc., which is a small business concern and a "penny-stock Company" and, as such, a highly risky investment suitable for only those who can afford to lose such investment, should be evaluated together with the risks and uncertainties more fully described in the Company's Annual and Quarterly Reports filed with the Securities and Exchange Commission. Capstone Companies, Inc. undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Contents of referenced URL's are not incorporated into this press release.